Is West Point, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Point has remained a Seller's Market.
Housing Prices in West Point, VA
How much do homes in West Point, VA cost?
Median Sold Price
$315,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Point was $315,000 in April 2024, up 5.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205.5K | $225K | +9.5% |
3 Bedrooms | $285.4K | $306K | +7.2% |
4 Bedrooms | $381.4K | $362K | -5.1% |
5+ Bedrooms | $420.5K | $450K | +7.0% |
Summary: West Point housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Buena Vista | $170K | $249.2K | +46.6% |
Mattaponi | $234.3K | $322K | +37.4% |
West Point | $298K | $315K | +5.7% |
Housing Supply in West Point, VA
How many homes are available in West Point, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 51 | -1.9% |
Summary: The West Point real estate market had 51 homes for sale in April 2024, a 1.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 37 | 36 | -2.7% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The West Point housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in West Point in April 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for West Point, VA
How long does it take to sell a home in West Point, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 58 Days | +20.3% |
Summary: Homes in West Point had an average of 58 days on market in Apr 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in West Point; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.